To talk about small and medium industry, Moneycontrol Editor Santosh Nair is joined by Ravi Varanasi, Chief Business Development at NSE.

Just a day ahead of the Union Budget, the market showed signs of nervousness as it traded lower for the larger part of the day. But there was a recovery in the last hour, helping indices trim some of their losses before ending the day on a mildly lower note.

The session began on a flat note with a negative bias, with cuts in midcaps and some pharma names. However, the Street soon extended the fall, with the Sensex shedding almost 200 points, while the Nifty too breached 11,000-mark. The trend continued till the last hour before the said recovery.